Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : CMYN -- Ignore unavailable to you. Want to Upgrade?

To: ROY SENDELE who wrote (776)	11/6/1998 3:13:00 PM
From: Chris land	Read Replies (1) \| Respond to of 811

Roy, <<<Finally, the Company announced the repurchase of 198,112 shares of the Company's First Convertible Preferred Stock with a $25 per share liquidatio Preference for an aggregate purchase price of $314,206.64. After this repurchase, 926,785 preferred shares remain outstanding.>>> I don't understand how they came up with those figures. I would think that 198,112 x $25 = $4,925,800. It makes me wonder if maybe Zucker who is now CEO sold his own as a gesture to the investment community. After all he is long with more than 17 million common shares, and if he can stop the dilution of the preferred convertibles with the objective of maximizing the value of his own equity, I mean all the company's equity holders, then he would walk away with a handsome profit. Chris